Lisa Simpson
May 21,2008
In: Foreclosure Listings

Atlanta Foreclosure Listings

Atlanta is a core city of the state of Georgia and is said to be the most populous among the cities of USA. It is the seat of Fulton County. The residents are Atlantans. Recently it has been changing from a regional city to an international one. From 2000 to 2006 the metropolitan regions increased by 20.5% - the fastest in the country. Atlanta is taken to be the ideal of what growth should be. Despite the urban sprawl Atlanta has won laurels for its environmental policies from Environmental Protection Agency.

Against this idyllic background comes the reality of Atlanta foreclosure listings. In the first quarter Atlanta foreclosure listings foreclosures skyrocketed. Keeping in tune with 80% increase in Georgia the Atlanta foreclosure listings jumped by 69%. RealtyTrac has released these figures about Georgia and Atlanta foreclosure listings. Report about Atlanta foreclosure listings and allied matters have been collected from US Foreclosure Market Report. In the first quarter of 2008 Georgia ranked sixth in foreclosure posting. The figures are inclusive of all the stage of the judicial process of foreclosure. It is a 79.9% jump over the first three months of 2008 and 22.5% rise above the last quarter of 2007. The foreclosure rate is 1:136 in Georgia. Atlanta foreclosure listings are not far behind.

Atlanta foreclosure listings including the metro areas of Sandy Springs, Marietta registered 22,554 houses. The number of Atlanta foreclosure listings made it rank 16 among the metro regions. Atlanta foreclosure listings showed an increase of 68.7% from the quarter of the previous year. Atlanta foreclosure listings also pointed to a spike of 13.7% over the last quarter of 2007. Atlanta foreclosure listings calculated to a ratio of 1:94.

In 46 of the 50 states of USA foreclosures jumped by a year-over-year basis. Of the 90 big metropolitan regions 50 states showed high jumps pointing to the general rise in the intensity of foreclosure activity. According to data collecting firm Equity Depot, Atlanta foreclosure listings have shown no signs of declining. On 3rd June there are 6,013 units scheduled to be auctioned. In April there had been a record number of foreclosure listings – 7,335. It studied numbers over a five-week period. This was 6% less than the numbers coming in currently. Calculating the five reporting periods stretched across the year there are 32,031 ready for auction. It is 46% higher than the same period of 2007. Thus there is no doubt that the trend is pushing upwards.